Snackgate Lane, County Durham

Project Overview

This property was purchased directly from the vendor, who required a swift sale in order to relocate abroad. As a result, we were able to negotiate and secure the property at a significant discount. A light refurbishment was undertaken, including internal upgrades and repairing the floor in one of the bedrooms. Following completion of the works, the property was revalued at £265,000. It is now operating as a fully furnished five bedroom self-catering accommodation, serving both the tourism and construction sectors.

Strategy Used

• Direct-to-vendor acquisition
• Discounted purchase
• Light refurbishment
• Serviced accommodation strategy

Results & Outcome

By securing the property at a discounted price and completing targeted improvement works, significant capital uplift was achieved. The property now operates as a high-performing self-catering accommodation, generating strong income from multiple demand streams.